India infrastructure major eyes $300m Kuwait fundingIndia's GMR Infrastructure Limited said it is raising $300 million from Kuwait Investment Authority by selling foreign currency convertible bonds due in 2075. GMR will use the funds to repay some outstanding obligations, it sa More… |
DMCC e-receipt system facilitates $299m fundingDubai Multi Commodities Centre Authority said its Global Multi Commodity Receipt (GMR) facilitated the financing of over Dh1.1 billion ($299.4 million) in 2009 covering petroleum products, iron and steel and soft commodities including rice an More… |
GMR wins Euromoney’s ‘deal of the year’Dubai Multi Commodities Centre (DMCC) announced today that the Global Multi Commodity Receipt (GMR)-facilitated financing by Standard Chartered Bank to Mohsen Line Trading has been awarded the ‘Deal of the Year 2008’ by Euromoney’s Trade Finance m More… |
DMCC’s DCR acquires global footprintDubai Multi Commodities Centre (DMCC) has expanded the geographical footprint of the Dubai Commodity Receipt (DCR) - its innovative electronic warehouse receipt model – to have a global reach. The move comes on the back of the significant More… |